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GBPUSD moves below retracement level and runs to the next swing area target. What next?

November 13, 2024

The GBP/USD has declined in trading today, breaking below the 61.8% retracement level of the move up from the April 2024 low, which sits at …

Cryptocurrency

Some bitcoin selling hits after a little double top at $93,500

November 13, 2024

Bitcoin ran up to $93,500 in the US morning before some profit taking hit. When a second run at that level couldn’t crack it, a …

Central Banks

Fed’s Schmid: It remains to be seen how much more Fed will cut and where rates settle

November 13, 2024

Rate cuts to date are an acknowledgement of growing confidence that inflation is on the path to 2% goal Hope productivity growth can outrun the …

Central Banks

Fed’s Musalem: Recent info suggests inflation risks have risen

November 13, 2024

Risks to the jobs market have remain unchanged or have fallen Fed may be on the ‘last mile’ to price stability, inflation expected to converge …

Central Banks

St. Louis Fed President Musalem (2025 voter) will be speaking at the top of the hour.

November 13, 2024

St. Louis Fed Pres. Musalem is scheduled to speak at the top of the hour. Musalem is a voting member in 2025. Back on October …

Technical Analysis

USDJPY is back up pushing topside resistance at 155.21. Key level for buyers/sellers.

November 13, 2024

The USDJPY has seen a dip today that gave the sellers some short term control below 154.54, but momentum faded quickly and sellers have turned …

Technical Analysis

EURUSD runs to a new low, bounces. Now can the sellers put a lid on the correction?

November 13, 2024

The EURUSD ran to a new low which extended to a low of 1.0555. That moved away from the 2024 old low at 1.06005. Recall …

Cryptocurrency

Bitcoin bullish bias is strong

November 13, 2024

The price of Bitcoin moved above $70,000 again on November 5th, and $80,000 on November 10. The price broken $90,000 on November 12. Is Bitcoin …

Central Banks

Fed’s Logan: Models show that Fed funds could be ‘very close’ to neutral

November 13, 2024

Fed will ‘most likely’ need more cuts but should ‘proceed cautiously’ If Fed cuts too far past neutral, inflation could re-acclerate Difficult to know how …

Technical Analysis

Dollar selling does not last long

November 13, 2024

The USD selling did not last long. EURUSD: EURUSD moved up to and through the next target at 1.0649, but not by much, the price …

Cryptocurrency

Bitcoin breaks $90,000 at the US equity open

November 13, 2024

$90,000 is a big milestone for bitcoin but it immediately calls to mind the barrier at the mother-of-all milestones. In general, the momentum and whatnot …